ruan benefits overview plans...ruan benefits overview 17 health care flexible savings account +...

Ruan Benefits Overview

Precision Strip Employees

Benefits Overview

2013 Plan Year

Butterball Employees







+ Eligibility and Enrollment

+ Health Care Coverage

+ Other Benefit Options

+ 401(k) Retirement

+ Eligibility and Enrollment

+ Health Care Coverage

+ Other Benefit Options

+ 401(k) Retirement


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Eligibility and Enrollment

+ Full-time, regular employees eligible to participate

• Spouse

• Dependent children under age 26

• Incapacitated adult children

+ For transitioning Butterball employees

• Immediate eligibility if at least 60 days with Butterball

+ 60-day waiting period for benefits for new employees

• Use this time to review your enrollment materials, complete election forms and return your

paperwork

• Coverage begins on 61st day

+ If enrolled after 60 days

• Coverage effective on day form is received in human resources

• Longer pre-existing condition exclusion period

• Must wait to enroll in other benefit options


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Making Changes To Your Plan

+ Once enrolled, coverage remains in effect until December 31

+ Limited changes for Qualified Family Status Change

• Submit new form within 30 days

• Most common qualified events include marriage, divorce, birth or adoption of

child and change in spouse’s employment

• See “Benefits Guide” for list of additional qualified events

+ Able to make all new elections during open enrollment


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Medical Coverage

+ Administered by Wellmark Blue Cross Blue Shield

• Worldwide BlueCard PPO Network

+ Pre-existing condition exclusion period

• Six-month look-back period

• Any treatment, diagnosis or care for a condition will not be covered for first 12 months

of coverage (18 months for a late enrollee)

• Exclusion period may be reduced or eliminated by crediting prior health insurance (no

break in coverage over 62 days)

• Does not apply to dependents under age 19

+ Maintenance of benefits

• Coordination with a secondary plan (i.e., a spouse’s plan or Medicare)

• Ruan is primary for employee

• If covering a spouse with other coverage, unpaid portion of spouse’s primary plan may

be submitted to Ruan

• Ruan insurance reduced by the primary plan’s benefit


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Premier Medical

In Network PPO Out of Network

Office Visits $15 co-pay 30%

Preventative Care Annual Exam Mammogram Colonoscopy

$0 $0 $0

30% 30% 30%

* Based on evidence-informed preventive care, including those rated A or B in the current recommendations of the US Preventive Services Task force.

Annual Deductible $0 single $0 family

$0 single $0 family

Co-Insurance 10% 30%

Emergency Room* $50 co-pay, then 10%

$50 deductible, then 30%

* Processed as in network if true emergency; co-pay waived if admitted; must obtain Pre-Admission Certification within 2 working days.

Chiropractic ($400/yr limit)

$15 co-pay 30%

Out of Pocket Maximum $1,500 single $3,000 family

$2,000 single $4,000 family


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+ High deductible or consumer driven plan

+ Deductible is all-inclusive

• You pay 100 percent of claims until the deductible has been met, including:

• Office visits

• Lab/x-rays

• Prescription drugs

+ Employee + One and Family elections must meet the higher family

deductible and out-of-pocket amounts

+ Deductible is waived for preventive services:

• Annual exams, well baby care and preventative prescriptions

+ Includes a company funded health care flexible spending account (FSA)

Choice Savings Medical


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Office Visits $0 after deductible/OPM

30% after deductible/OPM


$0 $0 $0

$0 after deductible/OPM $0 after deductible/OPM $0 after deductible/OPM

* Based on evidence-informed preventive care, including those rated A or B in the current recommendations of the US Preventive Services Task force. A preventive procedure that

becomes diagnostic must apply to the deductible. Annual Deductible $2,000 single

$4,000 EE+1/family $3,000 single

$6,000 EE+1/family

Co-Insurance $0 after deductible/OPM

$0 after deductible/OPM

Emergency Room* $0 after deductible/OPM

$75 co-pay, then deductible





Out of Pocket Maximum $2,000 single $4,000 EE+1/family

$3,000 single $6,000 EE+1/family


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+ Choice Savings plan includes company funded health care FSA

• $420 single coverage

• $840 EE+One/Family coverage

• Amounts are prorated if coverage is effective after January 1

+ Account flexibility

• Entire annual pledge is available on your effective date

• May be used for medical, dental and/or vision expenses

+ Employees may add their own pre-tax contributions

+ Flex debit card automatically issued to access the account

• New cards mailed in plain white envelope

• Debit card is for your convenience, but still follows IRS rules

• Keep all receipts and copies of debit card transactions!

+ Unused funds at end of the year are returned to the plan



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+ Qualified High Deductible Health Plan (HDHP)

+ Deductible is all-inclusive

• You pay 100 percent of claims until the deductible has been met, including:

• Office visits

• Lab/x-rays

• Prescription drugs

+ Deductible is waived for preventive services

• Annual exams, well baby care and preventive prescriptions

+ Allows participation in a health savings account (HSA)

Basic Medical


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Basic Medical


Office Visits $30 co-pay after deductible

30% after deductible


$0 $0 $0

30% after deductible 30% after deductible 30% after deductible

* Based on evidence-informed preventive care, including those rated A or B in the current recommendations of the US Preventive Services Task force. A preventive procedure that

becomes diagnostic must apply to the deductible. Annual Deductible $2,500 single

$5,000 EE+1/family

Co-Insurance 20% 30%

Emergency Room* $100 co-pay after deductible, then 20%

$100 co-pay after deductible, then 30%



$30 co-pay after deductible

30% after deductible

Out of Pocket Maximum $4,000 single $8,000 EE+1/family

$5,000 single $10,000 EE+1/family


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Health Savings Account (HSA)

+ Available to members under Basic medical plan

• No secondary coverage (i.e., a spouse’s plan or medical FSA)

• Not entitled to Medicare

• Not claimed as dependent under someone else’s tax return

+ Pre-tax employee contributions

• Up to $3,250 single

• Up to $6,450 family per year

• Withdrawals for qualified health care expenses are pre-tax

• Available debit card or bank checks to access funds

• Use for medical, prescription drug, dental, vision expenses

• No need to submit receipts, but keep on file in case of an audit

• Non-qualified funds are subject to taxes and possible 20 percent penalty

+ Balance carries over year-to-year– funds never lost or forfeited


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NOTE: Mail order is available for maintenance medications. You pay three co-pays for a three-month supply with no

“whichever is greater” clause.

Prescription Drug Coverage

Premier

Choice Savings—

Preventive1 Choice Savings—

All Other Basic—

Preventive1 Basic— All Other

In-Network2 In-Network2 In-Network2 In-Network2 In-Network2

Tier 1― Generics

$10 or 25% whichever is greater





after deductible

Tier 2― Select Brands






after deductible

Tier 3― All Other






after deductible

1) The Preventive Drug List is available in your enrollment kit, on the Intranet Portal or through human resources

2) Out-of-Network (or non-participating) pharmacy rates equal your co-pay or 50% (whichever is greater) and subject to Usual, Customary and Reasonable charges

3) Specialty drugs/injectables sometimes received at the doctor’s office or home infusion therapy may require you to get a prescription to be filled at a local pharmacy and pay a $85 co-pay


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+ Consider how often you use your health benefits

• Office visits

• Prescriptions

• Medical equipment

• Possible out-patient services or in-patient hospital care

+ Consider financial aspects

• Annual premiums (payroll deductions)

• Deductibles

• Co-insurance/co-pays

• Available pre-tax medical savings accounts

+ Do the math

How Do I Choose?


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*Orthodontia is available for dependent children under age 19.

Dental Coverage

Premier Dental (in-network)

Standard Dental (in-network)

Preventive Care 100%

80%

Basic Care $25 deductible 20% co-insurance

$50 deductible 20% co-insurance

Major Care 50% co-insurance (after deductible)

50% co-insurance (after deductible)

Dental Max. Annual $2,000 Annual $1,000

Orthodontia Care* $50 deductible 50% co-insurance Ortho Life $1,500

$50 deductible 50% co-insurance Ortho Life $1,000


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+ Extensive network through VSP

+ Network providers offer discounts and file all claims

+ Annual exam, up to $40

+ Up to $125 once per year for hardware expenses

• Frames

• Lenses (single, bifocal, trifocal)

• Progressive lenses

• Contacts

Vision Coverage


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Health Care Flexible Savings Account

+ Automatic enrollment if covered under Choice Savings medical

+ Available to anyone eligible for the Benefits By Choice plan

• Do not have to be enrolled in a medical plan to participate

• Participation in a medical FSA disqualifies participation in HSA

+ Pre-tax contributions

• Minimum $100 per year

• Maximum $2,500 per year

+ Pre-tax withdrawals for qualified expenses, up to annual pledge

• Co-pays, deductible, co-insurance, prescription drug

• Dental

• Vision

+ Flex debit card to access funds

• No need to submit receipts, but keep on file in case of audit

• Option to file a claim form to get reimbursed

+ Two-and-a-half month grace period to use up remaining funds

• Leftover funds after grace period are forfeited


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+ Allows pre-tax dependent care savings so employee or spouse may work or

attend school

+ Minimum $100

+ Maximum $5,000 (or $2,500 if married and filing separate)

+ Pre-tax savings for day care, nursery school, elder care or care for a

disabled dependent

+ File a claim form to get reimbursed, up to current account balance

+ If your adjusted family gross income is less than $39,000, you may be better

off using the Federal Tax Credit– check with your tax advisor

Dependent Care Flexible Spending Account


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+ Core Short-term Disability (STD)

• Benefits on eighth day of disability

• $200 per week benefit for driver/mechanic/warehouse

• Percent of pay for exempt or hourly administrative

• May continue up to 26 weeks

+ Supplemental Short-term Disability

• Able to purchase additional coverage to equal 60 percent of pay

+ Core Long-term Disability (LTD)

• Benefits after six months of disability

• 50 percent of monthly wages

+ Supplemental Long-term Disability

• Able to purchase additional coverage to equal 60 percent of pay

Disability


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+ Core benefit of one times annual salary (up to $50,000)

+ May purchase additional coverage

• First $150,000 of coverage is automatically approved if you enroll when first eligible

+ Core spouse life insurance of $1,000

+ If employee has supplemental life, may elect additional spouse coverage

• $5,000 increments up to half of employee supplemental life rate

• First $25,000 of coverage is automatically approved if you enroll when first eligible

+ May purchase dependent (child) life insurance

• $2,000 increments up to $10,000 or half of employee’s supplemental life election

Life Insurance


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+ Paid holidays

• New Year’s Day Labor Day

• Memorial Day Thanksgiving Day

• Fourth of July Christmas Day

+ Earned vacation

• Earned throughout the calendar year

• Hourly administrative and salary office staff accrue vacation hours

• Driver accrual vacation dollars based on prior year’s wages

• Other time off benefits may be available based on job groups, so verify with

your manager which plan(s) you may be eligible for

Time Off Benefits


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+ Wellness reimbursement

• 50 percent up to $200 per year per family for weight loss, smoking cessation or gym/fitness

facility fees

+ Tuition reimbursement

+ Direct deposit

+ Referral bonus

+ Holiday savings club

+ Employee assistance program

+ Employee discounts

• Avis Rent-a-Car

• GM Supplier Discount

• Dell Computers

• Cell phone services

• Floral and gift baskets

• And more. Check the Ruan Portal for details

Other Benefits


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+ Eligible first pay period after 60 days of employment

+ Automatic enrollment of three percent of gross pay, invested in a T. Rowe

Price target-dated fund based on age

+ May change deferrals weekly and investments daily

+ Choice of pre-tax or Roth post-tax deferral

+ Ruan matches after one year of employment

+ Several investments to choose from or T. Rowe Price

+ May borrow against your account (loan option)

+ Fully vested after six years of employment

+ Quick access: TeleTouch, internet, weekly returns

+ Catch-up provision for employees age 50+

401(k) Plan Highlights


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Employee Contribution

Annual wages $40,000 x 6% deferral = $2,400

Company Contributions

Employee deferral $2,400 x 50% match = $1,200

Total Annual Contributions $3,600

401(k) Matching Example


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Questions?

1-800-845-6675

Call the human resources hotline

Phones open from 7:15 a.m. to 4:45 p.m.

Monday through Friday, Central Standard Time

ruan benefits overview plans...ruan benefits overview 17 health care flexible savings account +...

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